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RonnieD

01/03/09 7:21 PM

#2425 RE: algol #2409

17-19 Billion in deposits were already listed as liabilities off the original 32 billion in assets when bk was declared.
looks like almost half were unsecured so the FDIC lost them to insure the accounts....
that's all that means.
they are the insurers.. let them pay the depositors off.